Meet man, Nitish Kumar touched his feet, lost job, had only Rs.250, started his own business, now has net worth Rs…

RK Sinha’s journey from a humble journalist to a billionaire security mogul is a testament to his entrepreneurial vision and resilience.

On Sunday, November 3, in Patna, a significant event during Chitragupta Puja brought RK Sinha into the spotlight. During a ceremony at the Adi Chitragupta Temple in Patna, Bihar’s Chief Minister Nitish Kumar bowed and touched the feet of RK Sinha, a BJP leader and prominent businessman.

This gesture left many curious about RK Sinha, the founder of Security and Intelligence Services (India) Ltd (SIS), the largest private security company in India. Founded in 1974 in Patna, SIS now operates in India and other countries, including Australia. According to Forbes, RK Sinha’s net worth is estimated to be around Rs 8,300 crore (or $1 billion).

SIS Group Giant Empire

Today, SIS Group is recognized as a leading manpower security business across the Asia-Pacific region, employing over 36,000 full-time employees and serving over 3,000 corporate clients. Most of SIS’s revenue comes from its Australian operations, and the company also has a joint venture with Spain’s Prosegur to provide cash logistics services. RK Sinha is not only a successful businessman but also a politician, having served as a Member of Parliament in the Rajya Sabha and as a founding member of the Bharatiya Janata Party (BJP).

RK Sinha Early Career

Born into a modest family in Patna, RK Sinha graduated with a degree in Political Science in 1971. To support his family, he started working as a part-time trainee reporter. During this time, the Indo-Pakistani War broke out, and Sinha reported from the front lines, building friendships with soldiers from the Bihar Regiment.

This experience would later inspire his future business venture. In 1973, he joined the JP Movement, a political and social movement led by Jayaprakash Narayan, which led to him losing his job as a journalist.

Business Started With Just Rs 250

After being let go, Sinha was given two months’ salary, totaling Rs 250. Unsure of his next move, he spoke with a friend in the construction business who was looking for ex-servicemen to guard project sites. Remembering his connections with the Bihar Regiment soldiers, Sinha’s friend suggested he start a security company.

Sinha contacted several ex-soldiers who were looking for work post-retirement and, in February 1974, he launched SIS from a two-room garage in Patna. Within a year, the company had grown to employ between 250 and 300 people, with a turnover reaching ₹1 lakh.

SIS Major Acquisition In Australia

In the years following its founding, SIS rapidly expanded to become India’s leading private security provider. The company then made a groundbreaking move by acquiring Australia’s largest security agency, Chubb Security, for $300 million. To fund this acquisition, SIS sold a 14% stake to New York-based hedge fund DE Shaw, marking SIS as the first Indian multinational in the security service industry. Today, SIS Group owns multiple subsidiaries, including SLV, Unique Detective and Security Services Ltd, Tech SIS, Southern Cross Protection, Henderson, MSS Security, and Rare Hospitality.